Banking & Finance

Jim Garvey is proof that many New Englanders don't like to stray too far from the nest...

Fitchburg-based IC Federal Credit Union said a Connecticut credit union executive will take the reins at IC when CEO Tony Cali retires at the end of April.

Venture capital investment activity fell 15 percent in the first quarter of this year, representing a 12-percent drop in value, according to a report released today by PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA).

While venture capital deals across the country hit their highest point since the dot-com boom and funding was up 17 percent over the year, VC funding in Massachusetts fell more than 7 percent in the first quarter of 2013, according to New York-based research firm CB Insights.

James Curran has worked in the Central Massachusetts banking sector for nearly three decades.Like many longtime bankers,...

AllCom and Worcester Postal credit unions have merged, effective April 1, AllCom announced today.

Gardner-based GFA Federal Credit Union is celebrating the opening of its first Leominster location.

Citing slow growth and the limitations of not having drive-up capabilities, Webster Five Cents Savings Bank said it will close its Grafton Street location in Worcester.

Not yet two semesters into his tenure as dean of Anna Maria College's school of business, Lloyd Hamm Jr. will depart at the end of this month to assume the role of CEO of Grafton Suburban Credit Union (GSCU), a college official confirmed.

Massachusetts foreclosures posted double-digit decreases in January, in both petitions and completions, according to The Warren Group, a sign last year's backlog in foreclosures stemming from 2011 banks' legal and documentation issues has subsided.